Thursday 6 February 2014

Market and Tata power

Hi Investors,

Most shares are on verge of breakout. So we can see a huge surge in Nifty/sensex tomorrow.

Hindalco  went as predicted first down during intraday and then up for about 3 percent. Breakout is there to take.

Tata Power:
Tata power is on breakout acc. to Bolinger band and MACD. Chance of breakout above 76 and confirmation after 76.5-77. Volume was 3 times the previous day. Currently oversold.
May be it is rising either on good result prediction or may be because Delhi govt seem to supporting Tata over reliance in delhi.

Target: 80/82
SL: 73


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